On the afternoon of March 7, comrades: Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee; Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee received and worked with the delegation of the Military Commercial Joint Stock Bank (MB) led by Colonel Luu Trung Thai, Chairman of the Board of Directors of MB on connecting and supporting the provision of information to increase access to credit capital for enterprises with foreign direct investment (FDI) and promote production and business in the province.
Comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee spoke at the meeting.
Attending the meeting were members of the Provincial Party Standing Committee, leaders of the Provincial People's Committee and a number of departments and branches.
Introducing an overview of the socio-economic development and investment attraction of Thai Binh, Comrade Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee informed: In 2023, the growth rate of gross regional domestic product (GRDP) reached 7.37%, ranking 20th in the country and higher than the national average. In the first two months of 2024, industrial production increased by 6.7%, export turnover increased by 11.8% over the same period in 2023. Thai Binh is currently one of the attractive destinations for investors, attracting nearly 3 billion USD in FDI in 2023, the highest ever, ranking in the top 5 nationwide in attracting FDI capital. The banking sector has grown and developed stably, creating favorable conditions for borrowing, production and business development of enterprises. He hoped that through the working session, Thai Binh province and MB will have closer cooperation for mutual development.
Comrade Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee spoke at the meeting.
Regarding MB, Colonel Luu Trung Thai, Chairman of the Board of Directors of MB, said: Established in November 1994 with an initial charter capital of only VND 20 billion and 25 officers and employees; to date, MB has over 300 transaction points nationwide, 3 branches in Laos, Cambodia, 1 representative office in the Russian Federation and 6 member companies operating in the fields of securities, insurance, real estate, fund management, consumer finance... In Thai Binh, MB has 3 transaction points in Thai Binh city, Hung Ha and Thai Thuy districts with credit scale and capital mobilization among the top private commercial banks in the area. Based on available potential, MB can support the province in organizing events and seminars to promote trade and attract FDI investment; provide businesses in the area with comprehensive financial and banking services that best suit the needs of each customer with preferential pricing policies; implement social security programs in the area. The Chairman of the Board of Directors of MB proposed that Thai Binh province create favorable conditions for MB to soon approach investors, especially FDI investors, to open capital accounts as well as use MB's services.
Colonel Luu Trung Thai, Chairman of the Board of Directors of the Military Commercial Joint Stock Bank, spoke at the meeting.
Speaking at the meeting, comrade Ngo Dong Hai, member of the Party Central Committee, Secretary of the Provincial Party Committee, expressed his impression of the strong development of MB in recent times; therefore, Thai Binh's cooperation with MB is very important for the province to have conditions to develop even more strongly. Informing the MB delegation about the event that Thai Binh has just announced the Prime Minister's Decision approving the Planning of Thai Binh province for the period 2021 - 2030, with a vision to 2050, the Provincial Party Secretary affirmed: This is a Planning that demonstrates the province's aspiration for rapid, comprehensive, sustainable development and with determination and clear orientation, one of the factors leading to success is resources, in which the sponsorship of the financial system in general and banks in particular is indispensable. He emphasized that long-term cooperation between MB and Thai Binh province is necessary; At the same time, MB Thai Binh Branch is required to grasp the development orientation of the province, closely follow the departments, branches and localities to learn about the development plans of the province as well as of the branches and localities, on that basis, advise and propose specific connection and support solutions; accompany the province in building the image, reputation and recognition of MB in the province; participate with the province in approaching economic organizations and investors. The Provincial Party Secretary said that on the basis of the approved Provincial Planning, Thai Binh will have many investment areas, not only in the industrial sector but also in the service, urban, cultural, medical, educational sectors... and this is the potential area that MB can be interested in exploiting. At the same time, he hopes that MB will issue a special credit package specifically for the province, including the coordination of the province; the sponsorship and cooperation between MB and Thai Binh province will be in-depth, in accordance with the requirements and development motivation of the province in the coming time.
Comrade Nguyen Khac Than, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee presented souvenirs to MB leaders.
Minh Huong
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